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US-China Tech Fight Forces Alibaba to Scrap Cloud Spinoff

(Bloomberg) An escalating fight between the US and China for technological dominance has triggered one of the most stunning reversals of corporate strategy yet: On Thursday, Alibaba Group Holding Ltd. walked back plans to spin off and list its $11 billion cloud business.Most Read from BloombergOpenAI in ‘Intense Discussions’ to Quell Potential MutinySam Altman, OpenAI Board Open Talks to Negotiate His Possible ReturnCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly Al

Tesla Woes Bolster Appeal of Top China EV Maker BYD: Tech Watch

(Bloomberg) BYD Co. is rapidly closing in on Tesla Inc. as the world’s biggest seller of pure electric vehicles, with surging profits underscoring its sales clout despite intensifying competition at home.Most Read from BloombergIsrael Latest: Biden, Netanyahu Plan to Talk Within HoursIsrael Deepens a War With Hamas That Has No End in SightHow This Israel-Hamas Conflict Is Like Nothing That’s Happened BeforeUkraine Recap: Russian Su-25 Fighter Jet Said to be Shot DownGM Hit With More Strikes W

Tesla woes bolster appeal of top china EV maker BYD: Tech Watch

Even as the supercharged rally in Tesla Inc. cools on weaker sales growth, expectations are ramping up for China’s top electric-vehicle maker BYD Co. thanks to record-high profits.

BYD rapidly closing on Tesla as world s biggest EV seller - Express Mobility News

BYD rapidly closing on Tesla as world s biggest EV seller - Express Mobility News
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